Mubadala withdraws offer for Brazil's Burger King brand owner, shares fall [Reuters]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: Reuters
purchase a controlling stake in the company, prompting shares in the Brazilian owner of the Burger King brand to fall. Mubadala had offered 8.31 reais ($1.61) per share to buy a 45.15% stake in Zamp this month, up from an original offer of 7.55 reais per share in early August. The Abu Dhabi investor said in a letter to Zamp it had dropped out after failing to obtain confirmation on whether the deal would imply the termination of Zamp's franchise and trademark licensing agreements. The withdrawal came a day after Restaurant Brands International Inc (QSR.TO) , Popeyes' and Burger King's master franchisor, said it could not issue a waiver requested by Mubadala for the transaction to proceed. Shares in Zamp fell 6.5% to 6.80 reais after Mubadala's withdrawal, adding to a drop of more than 8% from the previous day's session. Analysts at Santander noted Mubadala's withdrawal could create an overhang in Zamp's stock, as the Abu Dhabi firm could now sell its existing 4.95% stake in
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QSR
Earnings
- 2/13/24 - Beat
QSR
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- QSR's page on the SEC website